Management Development Requires Careful Attention Because

question 1

Multiple Choice

Management development requires careful attention because

• A)The manager's job is complex.
• B)Managers are accountable for success.
• C)Companies that align management development with strategic planning are generally more competitive.
• D)All of the above.

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Definitions:

Kaplan And Norton

Kaplan and Norton are the creators of the Balanced Scorecard, a strategic management tool that measures organization performance beyond traditional financial metrics.

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align the day-to-day work that everyone is doing with strategy, monitor organization performance against strategic goals, and improve various aspects of performance.

Financial Perspective

An angle focusing on the monetary aspects of business, including profitability, revenue growth, and fiscal health.

Traditional Performance

The evaluation of an entity's performance based on historical financial metrics and objectives.